Yay, finally finding the TA sections on here.

While I agree with almost all of this, due to a few things I think we may go a bit lower than your targets.

1. BTC has a tendency to overcorrect. Sometimes due to slippage, others due to inexperienced traders in the market. It's actually why I added the -.236 to the Fib.

2. The pullback we had was a bit expected, thought we may tap 7200 a bit harder, but it didn't happen. If we are Extending the 5th wave, it makes sense for a solid ABC before we go to the true bottom.

3. A lot of people are waiting for a new bottom to be tested before jumping back in, and won't be convinced unless it happens. If we want a major new impulse it may be needed.

4. There are so many buys waiting between 5500-5700, that if we didn't have a giant green candle after I would actually be shocked.

So for me I see a possible 6200, but if we want a major reversal 600-5800 would be more ideal to start a very nice new uptrend.

Would love your feedback @haejin and anyone else who wants to compare TA!
(Sorry for posting a link to my chart, didn't feel like making low quality screenshots of charts from mobile!)

https://www.tradingview.com/chart/BTCUSD/KKCm8aYJ-Double-Cloud-for-Confirmation/